OHM is showing why it is the best DAO - treasury is healthy, staking has been steadily in the range of 7,600-8,400% APY; and Olympus Pro is expanding its ecosystem.
Many new DAOs are appearing that are forked off of OHM, which is growing the entire DAO market cap, and is suggesting great potential for the viability of actual DeFi stable coin. I think OHM will...
Olympus Dao ($OHM) New FIB: $OHM is stuck making Lower Highs and Lower Lows. BB squeezing tight on 1h TF so expect volatility. MACD needs to cross over to prevent further downside. RSI hopping out of the over-sold region which brings BULLS a sigh of relief but it's not over
Looks like $OHM is about to complete it's 4th leg of the EW on the D chart. Expect a big run over the next few weeks. I see $1900ish as the ceiling. Exciting times for $OHM.
NOT FA/DYOR.
By calculating the Premium that the market pays from market value backing per Ohm (MVBperOHM) - check here for my spreadsheet we can clearly see the prices that are atractive to some of the biggest holders of sOHM (or staked OHM).
Basicaly you either get a loan on RARI FUSE or ABRACADABRA, when the premium is low, so you can LONG it and you terminate the loan...
Trend line touch and rejection. Wicked won @ ~61% from the base of the weekly bottom - top.
Uncertain the exact tokenomics of OHM and TIME, but I know it's innovative and new to the space, meaning curiosity will create more adoption --> price appreciation. Also, the defi nerds keep talking about it, and theyre usually the one with big $$$.
The next few days may...
btd imo...
treasury is unaffected and was 58% total liquidity volume on sushiswap today
someone overleveraging there account is a mistake that i doubt will happen to that extent at least very often after thisone..
we shall see
the volume coming in at the .382 enough of a signal for me
.618 target hit
broke through with massive volume confirming the s/r flip
next two targets are the 1 and 1.618 extension
not sure on a theoretical market cap for this coin personally but sounds like big things from the rumours ive heard on the internet..
as far as that goes, but tangled up with the right side of crypto innovation so reasonable to be bullish...
I'm super bullish on Olympus DAO. Its Trading View pair is OHM/DAI. Double bottom confirmed on the daily so we should see ATH's within the next 2-3 months.
A good indicator the past few months for me to test BTC has been OHM. The pairs are inverse to each other basically. Check this:
Don't think this will stick now since OHM was flying under the radar - now the...
almost a 7 r/r from breakout of trendline/retest (now)
and .618 of the marketcycle
clean invalidation (rejection of trendline and making of a LL)
high fundamental coin accordning to a friend of mine
good enough for me aha
sendit
![OHMDAI: I put a $PELL on you Because you're mine [soundtrack]](https://s3.tradingview.com/w/wW7HNWcV_mid.png "I put a $PELL on you Because you're mine [soundtrack]")
